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According to the Utah Division of Securities, Iraqi Dinars are #2 on the list of investor scams to watch out for in 2006:
"Iraqi Currency: Advertisements in newspapers promise wealth by purchasing the new Iraqi dinar. Promoters explain that as democracy comes to Iraq, the expected peace will stimulate the economy and value of the dinar. What investors are not told is dinars can be redeemed only in Iraq and the sellers already have doubled their money. Thus, the dinar would have to more than double in value and investors would have to book a trip to Iraq to collect any profit."
Only "Instant Messaging Stock Tips" ranked higher on the list of scams. This again points to the importance of doing your homework first and shopping for the best deal on dinars IF you believe they are a worthwhile investment.
Filed under: General
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Hello,
When the world bank reckignises the iraqi dinar can it be traded at any bank in the world?
Hello,
Is this right that the dinar can only be redeemed in Iraq?
At this time the only marketplace to sell Iraqi dinar is on e-bay. The hope of Dinar investors is that as things stabilize, the currency is more widely traded.
We have a bunch of stupid people buying those money here thinking they will earn easy money, they dont know that the real winners are those who sold to them…
So the sellers have a potentional to make billions, but SELL their dinars???? That’s why I would stay away from it. People have been waiting for this crap to revalue since the new dinar came out years ago.
You crikets can make all the noise that you want to.
I have made over $90,000 on long shots!
How? Through PRAYER FIRST for guidance, protection, health, and abundant wealth!
I know that my investment will pay well and I am running to the end of my rainbow to claim my pot of gold!
YEEE-HAAAAA! Eureka!